Douglas Emmett, Inc. (DEI) Receives Consensus Rating of “Hold” from Analysts
Shares of Douglas Emmett, Inc. (NYSE:DEI) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $39.00.
DEI has been the topic of a number of recent research reports. Barclays PLC raised their price objective on shares of Douglas Emmett from $35.00 to $36.00 and gave the company an “underweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut shares of Douglas Emmett from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. DA Davidson cut shares of Douglas Emmett from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $45.00 to $43.00 in a research note on Thursday, May 18th. BidaskClub raised shares of Douglas Emmett from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $39.00 price objective on shares of Douglas Emmett in a research note on Tuesday, July 4th.
Shares of Douglas Emmett (DEI) opened at 37.53 on Friday. Douglas Emmett has a 12 month low of $33.78 and a 12 month high of $40.79. The stock’s 50 day moving average price is $38.01 and its 200-day moving average price is $38.48. The firm has a market cap of $5.85 billion, a P/E ratio of 64.15 and a beta of 0.69.
Douglas Emmett (NYSE:DEI) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. Douglas Emmett had a net margin of 12.00% and a return on equity of 2.95%. The business had revenue of $199.60 million during the quarter, compared to the consensus estimate of $198.60 million. During the same period in the previous year, the business posted $0.46 earnings per share. Douglas Emmett’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Douglas Emmett will post $0.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.45%. Douglas Emmett’s dividend payout ratio is 155.93%.
In related news, Chairman Dan A. Emmett sold 100,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $38.97, for a total value of $3,897,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 300,000 shares of company stock worth $11,487,000 over the last ninety days. 17.80% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Douglas Emmett by 42.0% in the first quarter. Wells Fargo & Company MN now owns 94,115 shares of the real estate investment trust’s stock valued at $3,614,000 after buying an additional 27,828 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Douglas Emmett by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,173 shares of the real estate investment trust’s stock valued at $1,927,000 after buying an additional 700 shares in the last quarter. Agran Libbie bought a new stake in Douglas Emmett during the first quarter valued at approximately $1,284,000. Glen Harbor Capital Management LLC boosted its stake in Douglas Emmett by 23.5% in the first quarter. Glen Harbor Capital Management LLC now owns 11,424 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 2,176 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Douglas Emmett by 143.8% in the first quarter. ProShare Advisors LLC now owns 126,897 shares of the real estate investment trust’s stock valued at $1,992,000 after buying an additional 74,853 shares in the last quarter. 97.43% of the stock is currently owned by institutional investors and hedge funds.
Douglas Emmett Company Profile
Douglas Emmett, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company is owner and operator of office and multifamily properties located in submarkets in Los Angeles and Honolulu. The Company operates through two segments: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment).
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